Florida Tech again was ranked among the best universities in the nation for having a high return on investment (ROI) in a 2017 PayScale report.

Placing in the top 8 percent of more than 1,420 colleges and universities ranked in the report, Florida Tech had a 20-year net ROI for graduates of nearly $500,000.

Earning an advanced degree is a considerable investment in both time and money, whether the degree in on campus or online. ROI is an essential component to consider when choosing a college, especially with rising tuition costs and student loans.

The report, according to Lydia Frank, PayScale’s vice president of content marketing, is designed “to provide real-world insight into how college choice – right down to the selection of a major – can impact future earning or career advancement potential.”

With ROI lists by state, school type, major and job, prospective students can make an informed choice on which college has the best ROI that meets their requirements.

Florida Tech was also top ranked at the state level and among private schools, as it has been in the past.

The PayScale ROI ranking is just one of many for Florida Tech. Florida Tech is also ranked by Fiske as a Top Technical Institute, by U.S. News & World Report as a Tier 1 Best National University, and by Forbes as a “Best Value” university.